SAN DIEGO, Nov. 28, 2018 /PRNewswire-PRWeb/ -- Affirmed Housing has completed development of affordable housing and commercial space at PATH Metro Villas in Los Angeles, CA. A yearlong endeavor, the new development replaces the 1927 era PATH building.
Located at 345 N Westmoreland Avenue in Los Angeles, the new construction offers 65 studio and one-bedroom apartment homes for rent. Providing supportive housing, the six-story building will serve low-income individuals many of whom were experiencing homelessness, chronic homelessness or poverty with a significant rent burden. Fifty-one units will be designated as supportive housing units and fourteen apartments will be for low-income households earning no more than 60% of the area median income. The first level contains 2,800 square feet of community facility space that will house PATH's veteran services team. Total development costs were approximately $28 million dollars, funding sources include CHASE bank, Enterprise, CCRC, HCD, HCIDLA, HACLA, and DHS. The official grand opening will be celebrated in 2019, upon completion of Phase II of the PATH campus development.
"The completion of PATH Metro Villas marks the third successful development by the partnership of Affirmed Housing and PATH. Built to meet the specific needs of our clients and our staff, the new building will offer services, housing and offices." Joel John Roberts, CEO of PATH.
"We are very proud of our latest endeavor with partner, PATH Ventures. Prior to the new construction, the PATH campus was an example of underutilized open space. Together we have optimized the density and provided much needed affordable housing as well as space for supportive services. This development is a perfect example of Affirmed's mission to provide affordable housing in proximity to services and public transit." James Silverwood, President of Affirmed Housing.
Headquartered in San Diego, Affirmed Housing is dedicated to improving and sustaining the viability of California through the development of affordable housing. For more information, visit http://www.affirmedhousing.com
SOURCE Affirmed Housing Group
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